TITLE 5. LOCAL AGENCIES 50001-57550›DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES 53000-55821›PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES 53000-54999.7›CHAPTER 4. Financial Affairs 53600-53997›ARTICLE 1. Investment of Surplus 53600-53610
§ 53603
California Government Code · 2018-11 edition · updated 2026-10-04 · California
The legislative body may make the investment by direct purchase of any issue of eligible securities at their original sale or after they have been issued.
(Amended by Stats. 1953, Ch. 537.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code